NOT LISTED FOR SALE

Tower Plaza 555 E William St Unit 16L Ann Arbor, MI 48104

Downtown Ann Arbor Neighborhood

Estimated Value: $215,827 - $220,000

1 Bed
1 Bath
430 Sq Ft
$590/ mo HOA Fee

Last Sold March 28, 2022

Last sale price $176,000 $409 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,220/month

19 Days on Market

Highlights

  • Meeting Room
  • Elevator
  • Security Service
  • Bach Elementary School Rated A
  • Living Room
  • 4-minute walk to Liberty Plaza

About This Home

As of March 2022

Look out on the University of Michigan Campus and the Big House from panoramic windows of this sunny South facing Grand Studio unit. Nicely renovated with contemporary white cabinets, walk in tile shower conversion, wood laminate flooring, and much more. Prime downtown location just one block from UM Campus in the quiet State Street neighborhood. Quiet, secure building has 24 hour lobby security, soundproof walls, on site laundry, storage, maintenance staff. This is a perfect home fro student, downtown based professional, senior, investor, weekender or anyone looking for a reasonably priced downtown residence. Look out on the University of Michigan Campus and the Big House from panoramic windows of this sunny South facing Grand Studio unit. Nicely renovated with contemporary white ca cabinets, walk in tile shower conversion, wood laminate flooring, and much more. Prime downtown location just one block from UM Campus in the quiet State Street neighborhood. Quiet, secure building has 24 hour lobby security, soundproof walls, on site laundry, storage, maintenance staff. This is a perfect home fro student, downtown based professional, senior, investor, weekender or anyone looking for a reasonably priced downtown residence.

Last Agent to Sell the Property

Brian Tomsic

University Realty Associates License #6506037705 Listed on: 02/26/2022

Last Buyer's Agent

Brian Tomsic

University Realty Associates License #6506037705 Listed on: 02/26/2022

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1969

HOA Fees

  • $590 Monthly HOA Fees

Interior Spaces

  • 430 Sq Ft Home
  • Window Treatments
  • Living Room
  • Laundry on main level

Kitchen

  • Oven
  • Range
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Bach Elementary School
  • Slauson Middle School
  • Pioneer High School

Utilities

  • Central Air
  • Heat Pump System
  • Hot Water Heating System
  • Cable TV Available

Community Details

Overview

  • Association fees include water, trash, snow removal, sewer, lawn/yard care, heat
  • Tower Plaza Condo Subdivision

Amenities

  • Meeting Room
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Additional Features

  • Security
  • Security Service

Property Details

Home Type

Condominium

Year Built

Built in 1969

Lot Details

0 Sq Ft Lot

HOA Fees

$590 per month

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • Year Built: 1969
  • Location Property Info:Property Sub-Type: Condominium
  • OfficeContract Info:List PriceSqFt2: 416.28
  • General Property Info:New Construction2: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 430.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 6263.0
  • Tax Info:Zoning3: C2AR
  • Air Conditioning:Central Air: Yes
  • Appliances Refrigerators: Yes
  • Utilities Attached:Cable: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Hot Water: Yes
  • Additional Items:Window Treatments: Yes
  • Location Property Info:Subdivision2: Tower Plaza Condo
  • Heat Type:Heat Pump: Yes
  • Additional Items:Elevator: Yes
  • General Property Info:SqFt Above Grade: 430.0
  • Assoc Amenities:Laundry: Yes
  • General Property Info Elementary School2: Bach Elementary School
  • General Property Info High School: Pioneer High School
  • General Property Info Middle School2: Slauson Middle School
  • General Property Info Garage YN: No
  • Flooring:Laminate Floor: Yes
  • Flooring:Tile Floor: Yes
  • Flooring:Ceramic Floor: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Disposal, Oven, Range, Refrigerator
  • Flooring: Ceramic Tile, Laminate, Tile
  • Interior Amenities: Elevator
  • Fireplace: No
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 430.0
  • Window Features: Window Treatments
  • Appliances:Oven: Yes
  • Appliances Range: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 179000.0
  • Lot Features: Sidewalk

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Heat Pump, Hot Water
  • Heating: Yes
  • Sewer: Public
  • Utilities: Cable Connected, Storm Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Laundry, Meeting Room, Security, Storage
  • Association Fee: 590.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Info:Approx Assoc Fee2: 590.0
  • Association Info:Assoc Fee Payable: Monthly
  • Assoc Amenities:Security: Yes
  • Assoc Amenities:Storage: Yes
  • Assoc Amenities:Meeting Room: Yes

Fee Information

  • Association Fee Includes: Water, Trash, Snow Removal, Sewer, Lawn/Yard Care, Heat

Schools

  • Elementary School: Bach Elementary School
  • High School: Pioneer High School
  • Middle/Junior School: Slauson Middle School

Lot Info

  • Zoning Description: C2AR

Tax Info

  • Tax Annual Amount: 6263.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2022
Closed on
Mar 24, 2022
Sold by
Leung and Wang
Bought by
555 Ew Llc
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Brian Tomsic
University Realty Associates
List Price
$179,000
Sold Price
$176,000
Premium/Discount to List
-$3,000
-1.68%
Current Estimated Value
$217,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,457
Avg. Annual Appreciation
5.44%

Purchase Details

Listed on
Dec 3, 2018
Closed on
Feb 19, 2019
Sold by
Amhaz Rental Properties Llc
Bought by
Wang Leung Hung and Wang Chan
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Brian Tomsic
University Realty Associates
List Price
$169,000
Sold Price
$163,000
Premium/Discount to List
-$6,000
-3.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.51%

Purchase Details

Closed on
May 27, 2005
Sold by
Patel Madhu
Bought by
Amhaz Rental Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
555 Ew Llc $176,000 Preferred Title
Wang Leung Hung $163,000 Preferred Title
Amhaz Rental Properties Llc $150,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2022 03/28/22 Sold $176,000 -1.7% $409 / Sq Ft
03/17/2022 03/17/22 Pending -- -- --
02/26/2022 02/26/22 For Sale $179,000 +9.8% $416 / Sq Ft
02/19/2019 02/19/19 Sold $163,000 -3.6% $379 / Sq Ft View Prior Sale
02/07/2019 02/07/19 Pending -- -- --
12/03/2018 12/03/18 For Sale $169,000 -- $393 / Sq Ft
Source: MichRIC

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,717 $110,300 $0 $0
2024 $5,560 $105,000 $0 $0
2023 $5,134 $98,300 $0 $0
2022 $6,431 $97,800 $0 $0
2021 $6,249 $94,500 $0 $0
2020 $6,053 $92,500 $0 $0
2019 $5,134 $92,800 $92,800 $0
2018 $5,037 $88,800 $0 $0
2017 $4,860 $80,900 $0 $0
2016 $3,781 $76,529 $0 $0
2015 $4,541 $76,301 $0 $0
2014 $4,541 $74,500 $0 $0
2013 -- $74,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Tomsic

    Seller's Agent in 2022

    Brian Tomsic

    University Realty Associates

    (734) 646-6156

    87 in this area

    90 Total Sales

    Brian Tomsic
    Section Image
See All Agents

About Tower Plaza

Map

Source: MichRIC

MLS Number: 23089720

MichRIC

APN: 09-29-401-199

Michigan Washtenaw County Ann Arbor 48104 Downtown Ann Arbor

555 E William St Unit 16L, Ann Arbor, MI

Not Listed for Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.